by Richard Eskow | Sep 20, 2016 | Blog, Financial Reform
People who came looking for drama in Wells Fargo CEO John Stumpf’s Senate testimony on Tuesday did not come away disappointed. Stumpf was called before the Senate Banking Committee after his bank was fined $185 million for opening more than two million accounts in...
by Leo Gerard | Sep 20, 2016 | Blog
Nine years after the Great Recession began during the tax- and regulation-slashing Bush administration, some startlingly good economic news arrived from Washington, D.C., last week. The incomes of typical Americans rose in 2015 by 5.2 percent, the first significant...
by Amber York | Sep 20, 2016 | Blog
The cost of child care is one of the biggest expenses facing many families in the United States. For some, the cost is more than their rent or mortgage payment. Low income families especially struggle to find affordable child care. Child care providers are among the...
by Dave Johnson | Sep 20, 2016 | Blog, Financial Reform
The manager instructed her to push accounts but not to tell the customers about the downfalls and fees of new accounts. "Make them read the paperwork." She replied, "But you know no one ever reads the paperwork." His response: "Exactly." You might have heard that...
by Richard Eskow | Sep 20, 2016 | Blog, Financial Reform
"There was no incentive to do bad things,” said Wells Fargo CEO John Stumpf, after his bank was hit with $190 million in fines and restitution because employees fraudulently opened more than 2 million accounts over a five-year period without customers’ knowledge or...
by Dave Johnson | Sep 19, 2016 | Blog, Conservatism, Progressive Vision, This Is The GOP
You know those TV segments where they go out and ask regular Americans things like "Who is the Vice President?" and "Should we allow immigration from New Mexico?", and the people-on-the-street give answers like, "What's a Vice President?" and "I think we should send...
